Analyst: Strong Novo Nordisk outlook should satisfy investors

An analyst has looked over the Danish drugmaker’s annual report, concluding that there are enough elements – including expected 2023 sales growth of up to 19% – for a Novo stock boost.
Photo: Andrew Kelly/Reuters/Ritzau Scanpix
Photo: Andrew Kelly/Reuters/Ritzau Scanpix
by marketwire, translated by daniel pedersen

Novo Nordisk’s target of achieving sales growth up to 19% at constant exchange rates (CER) in 2023, with a matching hope for the operating profit, should more than satisfy the market’s expectations, assesses Søren Løntoft Hansen, senior equity analyst at Danish bank Sydbank.

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